- Bangaldeshi budget increases 16% over original 2016-17 budget.
- Despite growth, shortfall in procurement expected to continue.
The Bangladesh government has announced a defence budget of BDT257.5 billion (USD3.2 billion) for fiscal year 2017-18.
Budgetary documents published by the Ministry of Finance earlier in June show that the allocation is a 16% increase over the original defence budget for 2016-17, and an 11% increase over the revised expenditure for that year.
The 2017-18 defence budget also amounts to about 6% of total annual government expenditure and about 1.25% of GDP.
The new budget provides BTD236.1 billion for defence ministry “non-development” costs, which include military salaries, maintenance costs, and operations, while expenses for “development”, which includes procurement, receives BTD6.8 billion.
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